Silver continues to show incredible upward momentum after having obliterated its prior $54 high two weeks ago.

With silver trading over $64 this morning, technical analysts have pointed to the potential for $72 silver in the near to medium term as this price rerate continues.

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That said, the moves we’ve seen without a correction are unusual.

Silver was held below $50 for decades and seems intent on catching up after its long-time underperformance against gold and other commodities.

Gold, meanwhile, is presently making a run for its all-time high of $4,400 reached back in October.

The Fed’s latest rate cut on Wednesday fueled renewed strength across the entire precious metals complex.

At Money Metals, profit-taking by longtime holders of both metals continues, but first-timers are coming in to buy all that inventory – and then some.

If the headlines in precious metals draw in the general public, the overwhelming majority of which don’t have a single ounce of any precious metal, things could get interesting.

Remember that Money Metals is still giving away free silver for one more week on any silver order of $750+. Also, don’t forget to check out our https://www.moneymetals.com/buy/specials">SPECIALS PAGE and the below spot offer!